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1221  Other / Meta / Re: Ban appeal for kodec5 on: September 24, 2023, 11:20:22 AM
Why is it so hard for someone to have an original thought of their own?
What makes your life so damn hard that you have to come to our community and try to cheat us and feel like its ok?

You know it's not that hard, the problem is the quality of the post that comes out this way.
OP would have not cared about plagiarizing if it wasn't for merits, that's why he did it, some think that copy-pasting text or using text spinners on an essay that was written by a more experienced author would look like he has poured tons of effort into it so ...merit!!!!

Not going to point fingers but I've seen enough users around here getting extremely lazy once pass a certain rank, from opening topic after topic to 4 generic lines in mega threads, or the funnier ones that start a business accepting BTC, make a topic about that and then miraculously they don't post an update for months in it like it would have never existed Wink!
It's all about merit > ranking >signature!
1222  Bitcoin / Bitcoin Discussion / Re: Bitcoin miners energy usage has exceeded 50%, where is Elon? on: September 24, 2023, 10:21:54 AM
Hehehe do not be so serious and angry.

Why not, my holiday is over, and I'm looking at 8-hour flight back home in the evening so I have all the rights to be so, right? Cheesy

The thing is I don't like disinformation.
I don't care if it's from the guys I like I hate it, if somebody can't find real arguments and data and has to resort to this kind of bs, then sorry, call me a hater but I won't applaud knowing I'm a lied in my face and shut up just because it's good for the price of my investment.
When I know Mara is managing 2cents/kwh because it has bought an entire coal plant, when Riot is buying half of the entire generation from a gas powerplant, when Stronghold is burning coal residue and tyers at its newly acquired powerplant while no f*** large farm is running entirely on solar or wind then don't come with this kind of greenwashing at me.

This is the same bs as Google being carbon neutral because...it pays for carbon credits. Lol!

The reason is Elon knows no one would buy a Tesla or any car using their bitcoin

Why not?
1223  Other / Meta / Re: is Politics and Society board turning into a lowkey Off-topic board? on: September 24, 2023, 10:10:39 AM
Then, with a little management, this board will be a place for those who want to discuss these political, although I believe that the goal of it is to discuss bitcoin-related political topics not purely political.

I dare you to go to that board and try to have a serious discussion with guys like BADecker or tom tung what's his name! Do it!!! I dare you!
Ps I don't offer a health plan, nor will I offer any psychiatric help afterward! You're on your own!
Dooo it!   Roll Eyes

I must have reported several posts in that sub-board, but stopped either because with so much spam it was pointless, or reports were mostly ignored.

Is it really that much spam in there?
I just opened that board and the last topic on the front page was last bumped a week ago, tossing aside three mega threads the rest are well below 100 relies so not that much activity.

I disagree for ban signature in Politics and Society board because this board has low traffic, banning the signature will make the traffic lower.

So that means you agree half of those are posting there just for quota, not only you have political bias but now you have a monetary bias also,  on top of the fact that you can basically write anything there since it's your opinion and it can't be wrong, and here you go, the perfect recipe for a cesspool.
1224  Bitcoin / Development & Technical Discussion / Re: NFTs in the Bitcoin blockchain - Ordinal Theory on: September 24, 2023, 09:54:34 AM
There's been some strife and turmoil within the Ordinals community recently. Turns out Rodarmor hates BRC20 and is looking for ways to sabotage them.

https://twitter.com/rodarmor/status/1705369258426036526
Quote
Can't you grief BRC-20 holders by spamming their addresses with transfer inscriptions, locking their balance, which they would then need to send back to themselves in order to unlock their balance?

And right below that:

Quote
The biggest Bitcoin Ordinals mint so far is going to mint out in the next hour. This mint was deployed in early March and has been minting continuously for the last 6 months, accounting for over 21 million transactions on the Bitcoin network.

If you don't like ordinals and you have a pending tx sitting there for weeks, don't open this link:
https://mempool.space/address/bc1qjap03xvl7gajpvfyedvt4rxq7lxk7kdhzwk493
or
https://mempool.space/address/bc1q76kjngqpawa2meqnd4uec7ctlj32m3je382ngr
you might smash something  Grin

Oh, and besides monkeys, now it seems we are storing also election results in the blockchain  Grin
As long as we're still below 25sat/b it's worth the popcorn!

imagine needing to pay someone but there's almost half a million transactions ahead of you. and it can only do 7 transactions per second.  Shocked

You pay 50 cents extra and you're in the first block, it doesn't matter how many tx are in the mempool it matters how much they are willing to pay and for ordinals high fees are not economically feasible.
1225  Economy / Economics / Re: Shipping container prices on: September 24, 2023, 07:29:54 AM
Shipping container prices have been declining since the beginning of the year to return to pre-pandemic levels, and the news says that some containers are being loaded empty, as shipping companies do not want to sail with a small load of containers.

Containers are still cargo, and they do make sense to transport.
You're forced to sail anyway, you see the price difference between ports, you load up with them and you just dump in the next port.

Another thing I don't get is precisely what the pandemic had to do with that spike in prices.  I know there were serious issues with the supply chain, but it was never clear to me exactly what those issues were, and the media being the shitbags that they are, never really delved into them--or I just missed the message entirely. 

Pretty simple, we had somewhat predictable logistic chains, with everyone knowing when spikes arise in some ports like x-mas for example, when holidays would mean lower factory output, and so on and everything was going somewhat according to planning.
The covid and quarantine hit, China went into lockdown, consumption there dropped, and in the western part of the world, there was an insane demand for junk people would buy for their homes as restaurants and malls and beauty saloons and everything else would just shut down so suddenly from shipping 100 things from A to B and 90 from B to C you went to ship 10 from A to B and 150 from B to A and suddenly drop the whole second route since port B ran out of containers and ships since none were coming back in time as ships weren't willing to travel back empty.

But it was even worse, the fact that people ordered more from home meant longer delivery time, merchandise staying more in warehouses as there was no way to deliver them as fast as usual, new merchandise couldn't be unloaded, more ships stranded, and when finally things start to clear you have a ship blocking the most important route for 6 days (the Suez incident) triggering an avalanche of delays that lasted for months.

1226  Economy / Service Announcements / Re: Are you looking for ASIC Miner hosting? Terahash Solutions has you covered. on: September 24, 2023, 07:14:07 AM
So let's ignore for bit the website and the discussions on who you are and just do math

In your FAQ:
Quote
We offer standard hosting for .08 per kW/h fixed for up to 4 years. For a limited time, you can "buy down" your rate to as low as .06 per kW/h for a small surcharge
First offer is:
Quote
Antminer S19J pro+ 120TH/s
$2,205.00Price

Let's take the worse, 8 cents kwh, 80kwh a day, that's $6.4, 120TH/s at 6.1 cents per th/s according to viabtc, it's $7.32.
That's 90 cents so we're looking at 6.5 years of ROI.

It gets better with the promo, $4.8 costs, $7.3 income, ~880 days of ROI, way better.
For the S19xp we're looking at  $4.3 cost and $8.5 income, so again under 1000 days.

My humble opinion, find a way to make the limited time permanent otherwise nobody who buys and hosts with you can find a way to make money!

1227  Economy / Exchanges / Re: Maybe we should be worried? on: September 23, 2023, 03:48:00 PM
High numbers of BTC is moving out of the Binance exchange into their cold wallet, do you think we should be worried?

Tell your friend to stop being paranoid, you can see the history of that address here:
https://bitinfocharts.com/bitcoin/address/3M219KR5vEneNb47ewrPfWyb5jQ2DjxRP6

This happens regularly it's just Biannce adjusting its balance. Besides, the worry should be when they pull money out of their cold wallet, which means they have an excess of payments and withdrawals to complete.

This true, 6000BTC is equivalent to 159K USD which is very small percentage compared to the total clean assets of Binance which is around 50B+ according to Binance Proof of Reserve recently.

Yeah right, nobody believes that, not even their own auditors:
https://coinmarketcap.com/community/articles/63a2946981d6291ec15005c8/
1228  Bitcoin / Bitcoin Discussion / Re: Have a clear understanding of what DCA means on: September 23, 2023, 03:36:41 PM
That's gambling!
DCA is dollar cost average, when you break this rule it stops being DCA and as I said is basically buying based on a hunch or your guts.
If you want to be a purist then maybe. But DCA doesn't have any hard, legal definition. Modified DCA is still DCA, poorly executed DCA is still DCA.


Falling with your car down a cliff is still driving since the engine is still running and you're still at the wheel! The thing is pretty simple, once you cut the "average" word out of it, it stops being dollar cost average, just as ice cream without ice is no longer ice cream is at best just cream!
So if you buy based on guts and instincts random sums at random intervals it's either RDC or GRT or PNGYSHYT but for sure not DCA.

The whole point of this strategy is to keep risks of high volatility at a minimum and to spread the investment sums, If you do it randomly why would you even call it DCA and lie to yourself you doing some strategy?

So buying during the lower lows is way much better than blindly following a weekly basis buy schedule since the price may get higher during our scheduled buy time. If that happens, it beats the purpose why we are doing this DCA thing.

How do you know which are the lower lows?
Imagine somebody who has believed in the 40k then 35k then 29k it's the lowest Bitcoin could drop and bought all in and now he's looking on the side with all the money spent waiting for the pump!
Do you know what that was? Gambling, putting his money on the table on a hunch!
1229  Bitcoin / Bitcoin Discussion / Re: How can third-world countries counter inflation using bitcoin? on: September 23, 2023, 01:07:32 PM
Bitcoin alongside other cryptocurrencies has aided the economic development of many countries.

Name one!

Bitcoin has played a significant role in how transactions in developing countries are conducted at international level and also aided in them having something to invest or save their money into without been worried in any way of devaluation.

Name a second one!

We're still stuck on having this kind of topics and people really don't realize how complicated the situation is and why a country facing inflation and devaluation can't find refuge in Bitcoin!

There are two situations:
- the individual, he uses his money he buys Bitcoin he has now put a bit of his wealth in safety against inflation and devaluation
- the country, far more complicated as poor country that face inflation also faces devaluation of their currency. Buying bitcoin at a large scale won't solve the problem it will actually make it worse!!!
Why? Simple, the Weimar Republic!
The country would have to spend its own currency on buying hard currency in this case Bitcoin, but nobody wants crap coins like Argentinian pesos or Russian rubles or iranian rials, so by them trying to buy Bitcoin they devaluate furthermore their crappy curency, so ending worse and worse and making inflation also worse.

Bitcoin won't save a country, gold didn't save countries in economic peril in thousands of years of gold standard, so neither will a bunch of code that wasn't really designed for that.

Now if you don't believe the theory how about this:

Over 50% of Turkey’s Population Invests In Crypto
https://beincrypto.com/turkey-crypto-adoption-bitcoin-dominates/
vs
Quote
Argentina and Turkey are currently experiencing the highest inflation rates in the G20. In January 2023, Turkey’s rate was 57.7%

You have half of the population investing in crypto and you still have one of the highest inflation in the world, so how exactly did buying crypto help the country?











1230  Other / Meta / Re: Request for sent merit edit button on: September 23, 2023, 12:46:40 PM
Definitely pained to have wasted all my smerits on a single post.

It's smerit, you would not benefit from hoarding it, and the fact that you had 22 of it, it means you've had it since at least last month, basically you're feeling bad for giving away something you're not keen on giving and you have no benefit from. So why?

My intention was definitely to send 2 merits because to that post and then got carried away and mistakenly sent 22, I didn’t even notice until I saw my smerits drained,

Now imagine you would have sent 2 BTC instead of 2 mBTC   Wink




1231  Other / Meta / Re: is Politics and Society board turning into a lowkey Off-topic board? on: September 23, 2023, 12:35:42 PM
is Politics and Society board turning into a lowkey Off-topic board?

That would be an improvement and a radical one!
P&S is a cesspool, actually no, it's what would come out of some mutated lifeform that would have been born out of a cesspool.

When you still have a topic like:
Elders of 13 inbred European Bloodlines house training their inbred children
on the first page among other such topics, it's a clear sign to just stay away from it if you don't have at least 4 years of 4chan training.
Nuking it would probably be 10000% better than getting rid of ponzi board, the spam press, and the useless bounty hunting boards.

Serious question, what kinky stuff were you planning that you felt the need to open visit that board?



1232  Other / Beginners & Help / Re: Be careful with your transactions. on: September 23, 2023, 12:08:45 PM
This is just a reminder to everyone in the forum from newbie to legendary, that we should be very careful and not be in a rush when we want to make
~
Which F2pool has accepted that it was there pool, but I don't think that F2pool will refund back all the funds, because such transactions rely on the goodwill of the miner to refund or not.

Now let's replace bitcoin transaction with bitcointalk topic and it all makes a lot more sense. F2pool has already sent the funds a whole week ago, so, how does it feel, just out of curiosity to tell people to double-check what they do when you're not doing this at all yourself ?  Grin

Three days ago, I mistakenly sent $30 dollar worth of bitcoin to a wrong address due to rush and not rechecking the address again.

Do you have the tx id?  Juts asking!

because there is no way that you can get it back, if the bitcoin was sent a a noncustodial wallet.

It doesn't matter what the wallet is, all that matters is if you can contact the person in charge of that wallet, I doubt you will send coins by mistake to a previously used address and not know who that guy is and in case of malware you can kiss those coins goodby from the start.

1233  Other / Beginners & Help / Re: How to get profit when have PC is idle and unused in home on: September 23, 2023, 11:49:13 AM
I don't see any problem, assuming the content itself (whether it's game, 3D video or something else) isn't very demanding.

If you're going to charge people 2$ for 10 minutes of pong I don't see that many customers making a queue to your stall. I had a few years ago 1060 and was struggling to get anything that was mid-tier by that time, it was the absolute minimum for an Oculus, and the Reverb I have now won't even run on it, for people to really enjoy it and come back 2160 x 2160 is the deal and you won't be squeezing that out of the first two generations in a game except the 2080ti.

Anyhow, at this point, this is more like a project development material topic, and I still think that my initial advice (sell it) is still the best one.




 

1234  Economy / Economics / Re: If They Can Pay off their Debts, Why Don't They? on: September 23, 2023, 11:33:16 AM
Why don't you understand? Let's say I took $100 loan from you, paid $20 back, then I took $100 again, paid $30 back, then I took $200 again, then $300 again and paid $50 back. Am I paying my debt or am I increasing debt? When my debt increases all the time, that means that I am not paying debt back but instead I am taking even more. That's what America is doing, check how much they paid recently and how much they took afterwards, you'll be amazed.

Because it's not like this!
You don't just go to the same bank and ask for money and more money and more money, every single time the USA (well not the country itself but let's skip the details) goes to the markets to issue debt they offer a new contract, a new interest rate a new sum, the USA has closed thousands of engagements of it's former debt, it's not like the first guy that lent them money still has money owned.

If I get $200 from you, then $300 from another guy then I take $400 but I pay your $200 as we agreed, does that mean I'm not paying my debt?
I just did! The USA has always paid its debt, and that's why people are still lending them money because they know they're getting paid back, unlike the ..what do they call it, the new world bankruptcy team?

That's a really good point! I admit!

And it doesn't have to be that extreme example
Let's say you have just lent someone at 8% interest rate, and you can lend to somebody else at 6%, doesn't it make sense to take a loan at 3% and give that guy his loan at 6%? You're still in debt but servicing it is lowe than what you get paid in your turn.
Debt is bad only if you don't have a clue on how to manage it, my family spent nearly 25 years with our business in debt, we still have a few loans mainly for machinery but if we hadn't done so we would have probably never had a business in the first place at all.

They pay interest, but none of these countries are able to pay their debt in full, unless they'd do something crazy like dedicate most of their yearly budget to this.

As I told Synchronice, things are not that simple.
There is not a single debt there is no single contract, and there are not just two entities here.
The bonds mature every year and sometimes even every month, those have been serviced for as long as the country is, the country pais its debt issue new bonds at different interest, pays those as it issues others and so on, it's not your average bank credit line that you try to pay a bit each month, borrow again and so on!
They are paying the debt, if the USA missed any single of it you would have known, if anybody had their bonds payment at the 5, 10 years maturity mmissed we would already know it as the whole economy would be in the drain, but they have to date serviced every single one of them.

Again, stop seeing this as a single debt, it's made out of millions with different interests and different periods, and yes, all that have reached maturity have been paid to date!

1235  Economy / Gambling discussion / Re: Gambling game is not good and everyone should stay away from it on: September 23, 2023, 11:13:56 AM
I came back to this bitcoin to find light in my life in this darkness you all help me shine.

Yeah, bs!
You come to Bitcoin for money just like gamblers do, you didn't come here for enlightenment or anything else, stop with the bs.
If you wanted to find the light you would be doing charity work, not caring so much about money you even put a $ in your name!

I feel like this topic should be in the gambling discussion section. I am not going to argue whether gambling is bad or good.

I would argue that making 100 topics about how bad gambling is, that is till you fish enough merit to carry a casino signature is the really bad thing, far worse and far more despicable than actual gambling! I'm getting so tired of these wanna-be prophets who think their way of life is so much better than the rest I would instantly trash all these topics!
1236  Other / Beginners & Help / Re: How to get profit when have PC is idle and unused in home on: September 23, 2023, 10:32:19 AM
So its useless..hmm..
Unless @OP buys a new GPU, that isn't worth it as the RTX 4090 price is $1699. Is there no other way he can use his CPU to earn money while idle?

Buying the top-tier GPU was not really a solution for early ROI, rather than a brand new 4090 he would be better with a late 2x series, the difference in initial capital is doubling the time you need to run it. Anyhow, GPU mining is dead, makes no sense!
As for the CPU, again, who would pay him something that makes it worth the effort when he could simply buy that computational power from a data center, far cheaper, you can buy a dedicated CPU for 20$ that beats the crap out of that configuration for 20$ a month, with full support and 24/7 , why would someone pay you more for it?

How I said a few times, before, it's time to let it go, the times of earning money while watching your 3 years old computer do stuff alone are gone.

or maybe I will open a rental VR Box on my country malls because it is quite promising. For 15 minutes rent I will get paid about $2 and do DCA. I've checked, for visualization on a PC requires high specifications, and it's enough suitable on my PC.

VR on a 1030 with 2GB, are you sure?
 
1237  Other / Beginners & Help / Re: How to get profit when have PC is idle and unused in home on: September 22, 2023, 02:51:25 PM
I don't know if it's real or fake. But this is what I got after doing a little research.
Code:
https://millennialmoney.com/get-paid-to-leave-your-computer-running/

Research is actually checking those claims so let's go with the first one

Quote
If you have a powerful gaming PC, you can bring in roughly $95 each month according to Kryptex.
A mining rig with an Intel Celeron G3930 processor and 8X AMD RX 5700 GPU mining rig will generate about $615 per month.

we go to kryptex earning estimator page and :
https://www.kryptex.com/en/best-gpus-for-mining
RX 5700  $5.27  PER MONTH

Op has a GPU 1030 GTX 2GB which is not even listed so looking at the last one, a GTX 1050 Ti it makes $0.93 a month!
So if he could sell it for $20 he would make more than in three years of mining, not including energy!


1238  Economy / Exchanges / Re: *warning* Bitstamp not allowing withdrawals on: September 22, 2023, 01:10:43 PM
I am thinking they could be insolvent or had a hack.

So you think they have been insolvent and they are blocking withdrawals for almost 3 months yet you're the first one in months one around here with the problem in the last month? I did one exchange just before leaving for a trip so that would be something around the middle of August (can't check it right now for sure) and it funds were in under 24 hours.

Most likely it's about your documents and your KYC, from my experience Bitstamp is probably the worst when doing this, I was just lucky to be an already old customer with them when they started but for newer clients going through this might be a nightmare, check your previous mail they might have asked you already for a ton of documents, most like proof of funds as that is their specialty.



1239  Bitcoin / Bitcoin Discussion / Re: Have a clear understanding of what DCA means on: September 22, 2023, 12:51:12 PM
You even don't have to use a same amount of capital for each DCA round. Sometimes you can use smaller or bigger amount of capital for a DCA round. Because it can depends on your feeling about the market trend as well as your available funds for DCA at that time. If you see the market is good and you have money in hands, you can DCA with doubled capital than your normal amount.

That's gambling!
DCA is dollar cost average, when you break this rule it stops being DCA and as I said is basically buying based on a hunch or your guts.
Quote
Dollar-cost averaging involves investing the same amount of money in a target security at regular intervals over a certain period of time, regardless of price.

See how simple it is, it's x amount every week, every day every month, not x on monday maybe not this weekend, maybe z on Friday, then 6 months nothing then 10 times more, this is not a plan this is pure chaos.

I will not be comfortable as a person already used to DCA a fixed amount of money based on my income, and then my income increases considerably and then I keep investing that same small fixed amount because I do not want to change the amount. I will like to raise the amount I use. Things can also go the downwards like, maybe my income reduces considerably, and I can no longer continue to invest that amount of money which I saw as small, but now is big. I will not like to stop investing, It will be good for me to just reduce the amount I DCA. So maybe changing the amount to DCA with does not entirely defeat purpose of DCA, there are some times when the continuity in the habit will matter more than the change in amount.

This is completely different.
If you have averaged a buy of $100 a week for a year and then you get a pay rise and afford $200 it doesn't mean you're not DCA anymore, you can think of this like having two plans, one that started two years ago and one that started now.
If we would think like that basically nobody in countries with 100% inflation would be able to keep a DCA over the years, imagine somebody still buying bitcoin worth 10 Zimbabwe dollars when a loaf of bread went from 1 to a trillion.




1240  Economy / Trading Discussion / Re: No gains,1 Minute Scalping Strategy on: September 22, 2023, 10:08:23 AM
Maybe I should move to longer timeframe and not scalping in order to make profits?

Ratimov had a nice topic about this:
Scalping is the most controversial way to make money. My experience for 4 years

It pretty much depends on what your available time looks like and what your expectations are, but if you;re looking at making a killing out of it in a short span you've chosen the wrong one.

Scalping is only an indicator, it is not important at all,
Scalping is a strategy not an indicator!

I don't think that fees should be your problem or that it is your problem.

He's playing with small time frames scalping, already the method is about large volume and small profits ratio, when you put on top of that low volatility and high fees you might end up with zero profit even if you have placed and closed a winning trade.



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